Boston-Power Welcomes Max Fang as Business Advisor

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by Chris Johnson February 20, 2009 06:30 PM

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Taipei-based Executive Highly Regarded for Growing Dell's Asian Supply Chain Operations from One-Man Effort to Best-in-Class, Multibillion Organization

Appointment Follows Boston-Power's $55 Million Infusion of Growth Capital and HP's Plans to Deliver Sonata in First Quarter 2009

TAIPEI, Taiwan & WESTBOROUGH, Mass.--(BUSINESS WIRE)--Boston-Power, Inc., the rapidly growing provider of next-generation Lithium-ion batteries, today announced that well-known electronics industry executive Max Fang will serve as business advisor to the award-winning innovator in portable power. In his new role, he will assist Boston-Power in business development, supply chain operations and government relations.

Mr. Fang is internationally respected for his expertise in building and managing large-scale supply chain, quality and logistics teams. His career accomplishments include an 11-year role with Dell. While at Dell, he started the company's first International Procurement Organization, which helped to enable and grow a well-developed supply chain across Asia.

Utilizing that experience, Mr. Fang founded and serves as managing director for venture investment firm Maxima Capital Management. He also serves as a board member for several companies. He earned a B.S. degree from the Management Science Department at National Chiao Tung University and an EMBA from National Cheng Chi University.

Boston-Power's Sonata is the longest lasting, fastest charging, safest and only Green-certified rechargeable Lithium-ion notebook computer battery. It will come to the market first next month from HP, the world's top provider of notebook PCs. The result of a three-year relationship between HP and Boston-Power, HP's new Enviro Series Program notebook batteries are based on Sonata, feature the industry's longest warranty (three years) and support a wide range of consumer PC models.

"Boston-Power is honored to welcome Max Fang as a business advisor," said Boston-Power Founder and CEO Dr. Christina Lampe-Onnerud. "We're excited and humbled by the tremendous demand for Sonata from the market leading brands. We've long been committed to teaming with our Asian partners to share this growth opportunity and Max's experience and insights will help us accomplish that goal."

"I am extremely impressed about all facets of Boston-Power, including its executives, next-generation technology, investors, customers and partners," Mr. Fang said. "I'm thrilled to be joining the team and look forward to sharing my expertise as the company continues its strong momentum."

Last month, Boston-Power announced $55 million in growth capital, bringing total investment to $125 million. The company is using the funds to scale manufacturing, sales, marketing, and research and development to meet strong global demand for Sonata. Initially targeting notebook computers, Sonata could eventually be used to power a wide spectrum of end-applications - from consumer electronics devices to e-bikes, hybrid and electric vehicles (EV/HEV) and other forms of transportation. Early versions of products addressing these markets have already been developed.

About Boston-Power

Boston-Power, Inc. is an award-winning provider of next-generation Lithium-ion batteries. Designed to power a wide range of end-applications, its flagship offering, Sonata, is a notebook computer battery. Founded in 2005 and with more than 60 patents filed, Boston-Power is led by Founder and CEO Dr. Christina Lampe-Onnerud, an internationally recognized strategy and technology advisor to the top players in the portable power and energy storage industries. To date, the company has raised $125 million in venture funding from Foundation Asset Management, Oak Investment Partners, Venrock, GGV Capital and Gabriel Venture Partners. Boston-Power is headquartered in Westborough, Massachusetts and has Six Sigma-level mass manufacturing operations in Greater China.

Boston-Power® and Sonata® are trademarks of Boston-Power, Inc. Other brand names or product names are trademarks or registered trademarks of their respective owners.